Montserrat
2020 Product Exports | Imports: $5.37M | $12.9M, 221 of 226 | 223 of 226
2013 Service Exports | Imports : $13.9M | $17.7M, 179 of 182 | 179 of 180
Overview In 2020 Montserrat was the number 221 economy in the world in terms of total exports and the number 223 in total imports.
Exports The top exports of Montserrat are Felt or Coated Fabric Garments ($1.68M), Sand ($508k), Aircraft Parts ($468k), Computers ($324k), and Integrated Circuits ($295k), exporting mostly to Thailand ($1.68M), United States ($1.42M), France ($1.24M), Australia ($251k), and Luxembourg ($221k).
Imports The top imports of Montserrat are Refined Petroleum ($1.26M), Semiconductor Devices ($907k), Citrus ($684k), Cars ($532k), and Medical Instruments ($481k), importing mostly from United States ($7.23M), United Kingdom ($1.34M), Egypt ($772k), Barbados ($618k), and China ($394k).
Location Montserrat borders Saint Kitts and Nevis by land and Antigua and Barbuda, France, and Venezuela by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Montserrat.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Felt or Coated Fabric Garments, $1.68M
Top Destination (2020): Thailand, $7.23M
In 2020, Montserrat exported a total of $5.37M, making it the number 221 exporter in the world. During the last five reported years the exports of Montserrat have changed by $2.54M from $2.83M in 2015 to $5.37M in 2020.
The most recent exports are led by Felt or Coated Fabric Garments ($1.68M), Sand ($508k), Aircraft Parts ($468k), Computers ($324k), and Integrated Circuits ($295k). The most common destination for the exports of Montserrat are Thailand ($1.68M), United States ($1.42M), France ($1.24M), Australia ($251k), and Luxembourg ($221k).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- Thailand, $1.68M (+ 214k%)
- Australia, $238k (+ 1.9k%)
- United States, $161k (+ 12.8%)
Fastest Growing Import Markets (2019 - 2020)
- United Kingdom, $327k (+ 32.4%)
- Germany, $256k (+ 224%)
- Canada, $244k (+ 580%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionMontserrat Exports Services (2013): $13.9M
Montserrat Imports Services (2013): $17.7M
In 2013, Montserrat exported $13.9M worth of services. The top services exported by Montserrat in 2013 were Travel ($7.59M), Computer and information services ($3.36M), Sea transport ($1.02M), Air transport ($900k), and Miscellaneous business, professional, and technical services ($688k).
The top services imported by Montserrat in 2013 were Sea transport ($3.99M), Government services, n.i.e. ($3.61M), Miscellaneous business, professional, and technical services ($3.55M), Travel ($3.05M), and Computer and information services ($3.02M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMontserrat has a high level of specialization in Sand (851), Tobacco Processing Machines (631), Felt or Coated Fabric Garments (217), Gravel and Crushed Stone (180), and Raw Tobacco (44.9). Specialization is measured using RCA, an index that takes the ratio between Montserrat observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Montserrat according to the product complexity index (PCI) are Photographic (including cinematographic) laboratory apparatus and equipment, n.e.c. in chapter 90; negatoscopes; projection screens (2.15), Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter (1.95), Instruments, apparatus for measuring, checking electrical quantities not meters of heading no. 9028; instruments, apparatus for measuring or detecting alpha, beta, gamma, x-ray, cosmic and other radiations (1.83), X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension generators, control panels and desks, screens, examination or treatment tables, chairs and the like (1.61), and Fork-lift and other works trucks; fitted with lifting or handling equipment (1.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Montserrat according to the relatedness index, are Other Measuring Instruments (0.053), Navigation Equipment (0.052), Optical Fibers and optical fibre bundles (0.052), Non-optical Microscopes (0.05), and Thermostats (0.05). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montserrat is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
